105th Annual Report for the financial year ended on 31st March, 2025 along with the notice.
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Skyline Millars Limited has filed its 105th Annual Report for FY2024-25 along with the AGM Notice. The 105th AGM is scheduled for Wednesday, 24th September 2025 at 3:00 PM via Video Conferencing. Total Revenue jumped to Rs. 268.64 Lakhs from Rs. 46.35 Lakhs in FY24, a 479.59% increase, driven mainly by the Real Estate Division which earned Rs. 213.16 Lakhs (vs Nil in FY24). The company narrowed its pre-tax loss to Rs. (19.45) Lakhs from Rs. (95.01) Lakhs, with EPS improving to Rs. (0.06) from Rs. (0.25). No dividend has been recommended. The Ghatkopar project remains stalled for around 15 years awaiting Ministry of Defence approval, with an SLP filed in the Supreme Court. Three resolutions are on the AGM agenda: adoption of financial statements, re-appointment of Mr. Ashok Patel as a Non-Executive Director, and appointment of M/s. P. Mehta & Associates as Secretarial Auditor for five years at a proposed remuneration of Rs. 1 Lakh.
Shareholders will see a significant revenue jump driven by the Real Estate Division's first full-year contribution, though the company remains in losses. The stalled Ghatkopar project remains the key value driver, and any positive Supreme Court outcome could materially impact the stock. No dividend means shareholders rely on potential future growth.